May 5, 2016

Social Entrepreneur or Economic Entrepreneur?

Innovation is the core aspect of any enterprise. Innovation results from a search for a solution to an existing problem, a pain, or an improvement over status quo. An enterprise gathers and deploys all the resources needed to apply the innovative idea to create value. An enterprise that generates economic (or monetary value) is what we think of as a “corporation” in a normal sense of that word. Wealth creation through innovation is the main objective of a corporate entity. On the other hand, the objective of a social enterprise is to create social value, that in turn creates social […]